Investors - Seth Peterson Homes

What Is Net Operating Income?

October 28, 2019

By sethpeterson

Net Operating Income (NOI) is an important figure to know when purchasing income property. It is simply gross annual rental income minus expenses (GROSS ANNUAL RENTAL INCOME – EXPENSES). What can sometimes not be so simple is defining what qualifies as an “expense.” Here is a list that you can use to define your expenses: … Continued

What Is Cap Rate?

October 28, 2019

By sethpeterson

To value apartment buildings, many investors use the direct capitalization technique. While it is mainly used for commercial real estate, it can also be used on 2-4 unit properties. The formula is this: V = NOI / R V = VALUE NOI = NET OPERATING INCOME R = CAP RATE The Capitalization Rate (Cap Rate) … Continued

What Is Cash-On-Cash Return?

October 28, 2019

By sethpeterson

When purchasing income property, there are many ways of looking at it to see if it is a good investment. It’s probably a good idea to look at more than just one formula before deciding to purchase a property. One formula you should at least take a look at is the Cash on Cash Return. … Continued

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Seth Peterson Homes
Seth was very patient and kind. I’m so thankful to have had him introduce me to the housing market. Since I was buying my first condo, I had no experience with mortgages or writing offers, but Seth offered excellent advice. I also sincerely appreciated how honest he was without being pushy. I felt like I could trust that his opinion was genuine, but he gave me space to make the final call. He responded quickly to my emails, texts, and phone calls, and kept me up to speed while we made offers and counter offers galore.

Seth Peterson Homes
Seth did an excellent job as our realtor. After our house didn’t sell the first time with another company, we decided to try Seth at Cooper Spansy, who convinced us he could sell our home. He had really great statistics about what a good price range was, but left it up to us on what our final price would be. He was never pushy but always available for questions, advice, and updates through the whole process. We knew Seth cared about us from him going above and beyond what other realtors had failed to do in the past. We highly recommend Seth to anyone looking for a friendly, knowledgeable realtor who is capable of getting the job done and making it as smooth as possible.

Seth Peterson Homes
Seth walked us through a process that took eight months AFTER we had found the house we wanted to buy! It was an incredibly complex deal, with lot line changes (involving the town, the city, and the county), a pre-closing occupancy agreement, a shared well agreement, power of attorney issues, a new furnace, and heaps of detailed conversations that flew way over our heads as first time homebuyers. Seth demonstrated himself to be a realtor with integrity, keeping our needs in mind, and very patient with a long process. It could have been exhausting or frustrating, but he took it in stride. When we bumped into an issue or question he’d not dealt with before (since our deal was such a quirky one), he quickly sought out answers for us. He laid out options and talked about relative merits of different steps we could take and let us ask a lot of questions and then decide. Seth is solid.